Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marin Company has been a retailer of audio sn temo for the past 3 years. However, after a thorough surver of audiosystem markets. Marin decided

image text in transcribed
Marin Company has been a retailer of audio sn temo for the past 3 years. However, after a thorough surver of audiosystem markets. Marin decided to turn its retail stoce into an audio equipment factory. Production began October 1, 2022 Direct materials costs for an audio system total $75 per unit. Workers on the production lines ate paid $14 per hour. An sudio syntem takes 6 labor hours to complete. In addition, the rent on the equipment used to asuemble audio systems amounts to $5,730 per month: indirect materials cost $6 per system. A supervisor was hired to oversee productice, her monthly salary is $4.000. Factory janitorialcosts are $1.490 monthly. Adverthing costs for the audio system will be $9,120 per mooth The factary building depreciation is $6,240 per vear: Property taues on the factory bullding will be $9,360 per vear (a) Assuming that Marin manuf sctures, on average, 1,500 audio ssstems per month, enter each cost itern on your anmwer sheet. placing the dolls amount per month under the appropriate headines. Total the dollar amounts inesch of the columns

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial And Manag Acct Ed7 Sg M1 M13

Authors: Carl S. Warren, James M. Reeve, Philip E. Fess

7th Edition

0324054610, 978-0324054613

More Books

Students also viewed these Accounting questions

Question

22. What is a dirty block?

Answered: 1 week ago

Question

Detailed note on the contributions of F.W.Taylor

Answered: 1 week ago